The Investment Objective of the Fund is to achieve long-term capital appreciation. Investments will be made based upon their potential to maximize the Fund's return on investment. The portfolio is spread across a diversified portfolio of long and short investments in companies based in or substantially exposed to emerging markets. Long investments are in companies incorporated in emerging markets or in companies which are substantially exposed to emerging markets (including but not limited to Brazil, Russia, India, China, Thailand, Mexico, Turkey and Indonesia). AUM reflects the aggregate of the various share classes and is denominated in USD.